Quadient announces a new Advanced Cash Application module for Quadient’s Intelligent Communication Automation SaaS platform, providing mid-market and enterprise customers with a complete end-to-end accounts receivable (AR) automation solution.
Cash applications are a key component of the invoice-to-cash process, and the recent move to digital payments has added complexity for businesses of all sizes. Quadient’s new Advanced Cash Application module offers additional services powered by artificial intelligence and machine learning. This enables finance teams to improve efficiency and accuracy by minimizing time spent on manual cash application activities through automation. Enhanced with new modules, Quadient Accounts Receivable by YayPay will offer capabilities ranging from credit and collections management, payments, dispute management, business intelligence and analytics, billing, multi-channel electronic and print distribution, and cash applications. became.
Chris Hartigan, Chief Solutions Officer for Intelligent Communications Automation at Quadient, said: “Whether your organization is facing delays in cash applications due to lack of remittance advice, or has a huge volume of incoming payments that need to be matched and processed, automating the cash application process can help employees and Speed up processes for your customers: New modules reduce the risk of manual errors and reduce days outstanding (DSO) to meet the requirements of a growing customer base and support more use cases across a wide range of industries helps to process the
